This file explains the programs and datasets used in the following paper:

Jared C. Carbone, Nicolas Rivers, Akio Yamazaki, and Hidemichi Yonezawa
"Comparing applied general equilibrium and econometric estimates of the 
effect of an environmental policy shock," forthcoming in Journal of the 
Association of Environmental and Resource Economists.

---------------------------------------------------------------------------------------------------
There are three folders:
bc_cge.zip
replication_table2_4_5_C1
replication_figures_table3

---------------------------------------------------------------------------------------------------
CGE Approach 

bc_cge.zip contains the CGE model and its results including the benchmark data in Table 1 and the results of the central scenario and sensitivity analysis in Figure 6, 7 and 8, and the further details about the CGE model's replication can be found in the readme.txt within the zip file. 

---------------------------------------------------------------------------------------------------
Econometric Approach

replication_table2_4_5_C1 contains the program and multiple datasets to generate Table 2, 4, 5, and C.1, explained in detail below.

Data
Original data is from Yamazaki (2017) -- comes from CANSIM 
Our data is "Carbone_et_al.dta" 

Program
Run Carbone_et_al_JAERE.do file for replication of Table 2, 4, 5, and C.1. 
This do file also merge other datasets for more control variables, such as oil price, US unemployment rate, population, and trade index. The data on these variables are obtained from these sources listed below.


EIA oil price (crude oil -- WTI)
https://www.eia.gov/dnav/pet/pet_pri_spt_s1_a.htm

US unemployment from Labor Force Statistics from the Current Population Survey (LNS14000000)
https://data.bls.gov/timeseries/LNS14000000

Population data is from Statistics Canada's Table 17-10-0005-01 (formerly CANSIM 051-0001)
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501


World trade index (Export volume relative to 1913)  
https://ourworldindata.org/trade-and-globalization 

---------------------------------------------------------------------------------------------------
replication_figures_table3 contains programs and datasets required to generate all the figures and Table 3. R software is used to generate them. 

TABLE3.R is for Table 3
FIGURE1.R is for Figure 1
FIGURE2.R is for Figure 2
FIGURE3.R is for Figure 3
FIGURE4_5.R is for Figure 4 and 5
FIGURE6_7.R is for Figure 6 and 7
FIGURE8.R is for Figure 8 
FIGUREC1.R is for Figure C.1

----------------------------------------------------------------------------------------------------
Questions regarding this file and any programs and datasets pertains to the econometric approach should be directed to Akio Yamazaki, a-yamazaki@grips.ac.jp.
